Victoria Oil & Gas Share Discussion Threads

[mjones727] 30/1/2019 11:47

We were at 28p only a few weeks ago when we were doing 7.8 mmscf/d average a day.

Now 12 a day.

[mjones727] 30/1/2019 11:45

Dare say it but the big seller looks to have gone.

Apparently it was the supplier who took shares as payment last year.

[dan de lion] 30/1/2019 11:44

Talked myself into buying some more!

[mjones727] 30/1/2019 11:39

Average daily gas production for Q1 2018 was 3.50mmscf/d and the shares 30p+

Today

Average daily gas production for the week ending 25th Jan 2019 was 12 mmscf/d and the shares are 14p

Now work that one out.

[mjones727] 30/1/2019 11:39

Average daily gas production for Q4 2017 was 7.94mmscf/d and the shares were 57p-63p (the last quarter before ENEO stopped taking gas)

Today

Average daily gas production for the week ending 25th 2019 was 12 mmscf/d and the shares are 14p

Now work that one out.

[m5] 30/1/2019 11:36

Just bagged a few more myself, risk/reward at this levels seems very favorable but dyor.

[dan de lion] 30/1/2019 11:31

Have purchased some more this morning, bargain price.

[fatnacker] 30/1/2019 11:25

That could well be the case dan.

[dan de lion] 30/1/2019 11:11

We will have a slow re-rate I reckon on the fact that VOG can now pay its way, new customers, insurance settlement and/or sale of Russian assets would give the share price a major boost.


A cash raise has moved into the future and may not be needed at all, if one of the above come in.

[mjones727] 30/1/2019 08:21

More debt fiannce rather than a placing ?


Also don't forget this statement in the annual results:

The Company had made applications for an
additional debt facility with local banking
institutions in Cameroon during the second
half of 2017. With ENEO suspending the
consumption of gas on 1 January 2018,
management decided to place the applications
on hold until the matter was resolved.

[fatnacker] 30/1/2019 08:21

Not necessarily waiting for anything, lurking, watching, not being emotional, dealing on fact not hope:)

[deanroberthunt] 30/1/2019 08:18

so, you're waiting for the placing or similar

[deanroberthunt] 30/1/2019 08:10

12 scuffs, hardly any higher than they were 2 years ago

[larry laffer] 30/1/2019 08:08

Wot no production update today

What’s Foo doing about

Would someone email him in case he has forgotten.

[mjones727] 30/1/2019 08:08

Average daily gas production for Q1 2018 was 3.50mmscf/d and the shares 30p+

Today

Average daily gas production for the week ending 25th Jan 2019 was 12 mmscf/d and the shares are 14p

Now work that one out.

[mjones727] 30/1/2019 08:07

Average daily gas production for Q4 2017 was 7.94mmscf/d and the shares were 57p-63p (the last quarter before ENEO stopped taking gas)

Today

Average daily gas production for the week ending 25th 2019 was 12 mmscf/d and the shares are 14p

Now work that one out.

[deanroberthunt] 30/1/2019 08:00

...you clearly believe there's no need to raise capital....so what's stopping you hitting the buy icon?

[deanroberthunt] 30/1/2019 07:57

If you're so bullish, why are you reticent to buy?....14p...all time low, renewal of power deal, production figures up! ....someone who defends every counter argument would surely be filling their boots.....de risked NAV of 70p, so some say..

so, what are you waiting for?

[fatnacker] 30/1/2019 07:39

See post 4966

[broncowarrior] 29/1/2019 22:56

What was the press speculation?

[mjones727] 29/1/2019 19:30

ShoreCap remains impressed

In a note to clients, analysts at ‘house’ broker Shore Capital commented: “Following recent updates, we remain impressed by the production growth that is being achieved by VOG in very short order following the reinstatement of ENEO supply.”

They added; “We are confident that a significant reserves upgrade last year provides a robust platform for future growth across the grid power and non-grid segments, and have been particularly impressed by VOG’s successful expansion in the industrial power sector.”

The analysts said their risked net asset value estimate stands at 70p per share, reflecting “the value of VOG’s strategically important reserves base and the significant market opportunity that we see in the Douala region.”

[mjones727] 29/1/2019 19:30

http s://www.proactiveinvestors.co.uk/companies/news/213476/victoria-oil%E2%80%93gas-jumps-as-explorer-updates-on-production-and-funding-options-213476.html